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Home Local Maryland Government Announcement Originally published April 13, 2011

GOVERNOR O’MALLEY TO RELEASE 5-YEAR ECONOMIC DEVELOPMENT PLAN FOR MARYLAND



Governor to join Mayor Rawlings-Blake, Business Leaders to announce new tenants at Hopkins’ Science + Technology Park

ANNAPOLIS, MD (April 13, 2011) – TOMORROW, just days after the end of the 2011 Legislative Session and the passage of InvestMaryland, Governor O’Malley will release a five-year economic development strategy for the State of Maryland. The Governor will join Baltimore Mayor Stephanie Rawlings-Blake, the Maryland Economic Development Commission, other local elected officials and small business owners to release the plan.

The Commission, which was re-launched by the Governor in 2009 after being inactive for several years, developed the plan over 18 months with input from more than 250 business owners and four regional roundtable discussions around the State. The plan outlines four key strategies to create and retain jobs and position Maryland as a leader in the new economy. The Governor will also announce new tenants at the Rangos Building, part of the Science + Technology Park at Johns Hopkins, and tour Cureveda, a woman-owned life sciences company focused on developing drugs for the treatment of respiratory diseases.

Maryland has an outstanding infrastructure to support an Innovation Economy. In January, the Milken Institute again ranked Maryland #2 in the nation for technology and science assets. According to study results, while Maryland received high rankings in human capital investment, research and development inputs, technology and science workforce, and technology concentration and dynamism, it lagged behind other states in risk capital and entrepreneurial infrastructure, demonstrating the need for Governor O’Malley’s InvestMaryland initiative, which the General Assembly just passed. The Index provides measurements of the technology and science assets for states, ranking them on their ability to foster and sustain a technology sector, which research has shown is a crucial factor in determining a region's future economic success.


WHAT: Governor O’Malley, Mayor Rawlings-Blake to join Maryland Economic Development Commission to release 5-year Economic Development Plan

WHEN: TOMORROW, Thursday, April 14, 2011 at 10:30 a.m.

WHERE: The John G. Rangos Building 855 N. Wolfe Street Baltimore, MD